Vulcan Materials – Page 4 – Concrete Products

Feds lighten Vulcan-bound Aggregates USA asset haul

January 3, 2018 Concrete News

Sources: CP staff; Vulcan Materials Co., Birmingham, Ala.; U.S. Department of Justice

Vulcan Materials closed its planned $900 million acquisition of 36-site Aggregates USA on the final business day of 2017, along with a companion $290 million transaction through investor Blue Water Industries. The latter involves the sale of 17 Tennessee and Virginia quarries and yards, and abides a Department of Justice Antitrust Division settlement addressing coarse-aggregate production overlap between Vulcan and Aggregates USA in southwest Virginia, plus the Knoxville and Tri-Cities, Tenn., markets. Vulcan will assimilate the remainder of the portfolio—three Georgia quarries and 16 rail distribution yards in Georgia, Florida and South Carolina—into its Southeast platform.

PRODUCERS – NOVEMBER 2017

November 27, 2017 Concrete News

Denver-based Summit Materials, Inc. has begun a search for a successor to Executive Vice President and Chief Operating Officer Douglas Rauh, who will leave the aggregate and ready mixed producer at year end. In the interim, Executive Vice Presidents Damian Murphy (East Segment), Shane Evans (West Segment) and Tom Beck (Cement Segment) will report directly to Summit CEO Tom Hill.

U.S. Concrete lands key aggregates assets, upping the Vulcan ante for Polaris

October 2, 2017 Concrete News

Sources: U.S. Concrete Inc., Euless, Texas; Vulcan Materials Co., Birmingham, Ala.; CP staff

U.S. Concrete has secured a premium aggregates source to integrate with its 12-plant Central Concrete Supply Co. ready mixed business in northern California. The producer bested a Vulcan Materials offer for Vancouver, B.C.-based Polaris Materials Corp., which distributes sand & gravel from a major Vancouver Island deposit through five San Francisco Bay Area and Los Angeles market sites.

Oldcastle Materials, Vulcan veteran Brown named Forterra CFO

September 12, 2017 Concrete News

Sources: Forterra Inc., Irving, Texas; CP staff

Concrete pipe and precast drainage products leader Forterra has appointed Charlie Brown as executive vice president and chief financial officer. He previously served in the latter capacity at Atlanta-based Oldcastle Materials, leading more than 500 associates in finance, accounting, risk management and real estate personnel; implementing cost savings, Sarbanes-Oxley compliance and improved business reporting initiatives; and, participating in 100-plus acquisitions.

Vulcan Materials builds California concrete aggregates reserves in Polaris deal

August 29, 2017 Concrete News

Sources: Vulcan Materials Co., Birmingham, Ala.; Polaris Materials Corp., Vancouver, B.C.; CP staff

Vulcan Materials has strengthened its supply chain for California concrete customers through a friendly takeover of Toronto Stock Exchange-traded Polaris Materials, which operates a sand & gravel plant and deep water port on Vancouver Island plus five distribution yards in the San Francisco Bay area and Los Angeles markets.

ORGANIZATIONS – JULY 2017

July 26, 2017 Concrete News

The National Concrete Masonry Association and Interlocking Concrete Pavement Institute honor 142 plants in their 2016 Safety Awards Program, recognizing members who demonstrate exemplary accident prevention and worker protection. Eligibility is based on the lowest number of or no reportable injuries as documented by OSHA 300A logs (or equivalent Canadian injury reports) for the year.

Bluegrass, Aggregates USA deals speak to healthy Martin Marietta, Vulcan rivalry

July 26, 2017 Don Marsh

The top two U.S. aggregate producers are pacing each other in building annual production volumes and long-term limestone and granite reserves. Predictable in most any economic cycle, their strategy takes on new dimensions in 2017, as investors see U.S. crushed stone and sand & gravel shipments netting some of the best returns or future earnings prospects in heavy building materials.

ASTM C09, C15 confer top honors on Vulcan’s Graves, WDP’s Whittlock

June 19, 2017 Concrete News

Source: ASTM International, West Conshohocken, Pa.

ASTM Committee C09 on Concrete and Concrete Aggregates has named Vulcan Materials Corporate Manager of Technical Services Robin Graves this year’s Award of Merit recipient and companion title of fellow. The committee’s top award recognizes leadership in C09 activities, plus contributions to improving standards for aggregate materials and concrete durability, along with those supporting sustainability initiatives.

Aggregates USA set to become largest Vulcan acquisition since Florida Rock

May 30, 2017 Concrete News

Sources: Vulcan Materials Co., Birmingham, Ala.; CP staff

Vulcan Materials has reached a definitive agreement with Mill Valley, Calif., investor SPO Partners to acquire Aggregates USA LLC for $900 million. The cash deal is the second nine-figure transaction this year involving rock production and distribution assets, following CRH/Oldcastle Materials’ planned takeover of Indiana-based Mulzer Crushed Stone, announced in March.

Martin Marietta, Vulcan close record year neck-and-neck in sales, profits

February 20, 2017 Concrete News

Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.; CP staff

The two largest public companies in construction materials, Martin Marietta and Vulcan, cite 2016 sales gains of 9.5 percent and 5 percent, respectively, against prior year figures, despite only minor shipment increases in their core product, aggregate. In a year that brought each record sales and stock valuations, the producers realized the effects of regional market gains or lapses on their aggregate, ready mixed concrete, cement and asphalt production portfolios: